Tether will allow users to move their USDT between blockchains if any of the operated blockchains become unresponsive.
Major stablecoin issuer Tether has launched a recovery tool to migrate its Tether (USDT) stablecoin between different blockchains amid USDT hitting a $100-billion market capitalization.
Tether announced the launch of a blockchain recovery plan on March 4 to ensure stable access to USDT in case of disruptions faced by one of multiple blockchain networks used for USDT transactions.
According to data from Tether, USDT resides on 14 blockchains as of March 4, including Tron, Ethereum, Solana, Avalanche and Omni. Tron and Ethereum are the two largest blockchains for USDT, accounting for 51% and 43% of all issued USDT, respectively.
